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Board of Education and Town
Monthly Health Insurance Reserve Report
Cash Flow Analysis ‐ February 2024
BOE Town Balance
Balance 1/31/24 3,683,376.29 (939,017.92) 2,744,358.37
February Employer* 724,932.00
February Sewer & Water
February Café Employee Contribution
February Employee Contributions** 123,430.05 26,274.93
February interest 7,497.27 0.00
Employer HSA contributions (1,125.00)
Third Party Admininstrator Fees (4,230.00) (906.00)
Administrative Costs (74,820.55) (15,810.60)
Stop loss claims reimbursement 15,597.54
February claims (thru 2/28/23) (613,370.16) (120,993.85)
Balance 2/28/24 3,136,355.44 (325,521.44) 2,810,834.00
* The employer portion is determined at the start of year and divided by 12 so each month
the contribution will be the same.
** Employees portion of the health insurance premium collected for the month